The Kislak Co. Inc Acquires 160-Unit Multifamily Building In Rahway For $26.5M
SOLD
$26,500,000
New Jersey
See Similar DealsMultiFamily1,200 SF
Sold 10/16/2020
SOLD
The Kislak Co. Inc Acquires 160-Unit Multifamily Building In Rahway For $26.5M
80 E Milton Ave, Rahway, NJ 07065, USA
See Similar DealsMultiFamily1,200 SF
Sold 10/16/2020
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$22,083
Total Square Footage:1,200 SF
Transaction Type:Sale
The multifamily property located at 80 E. Milton Avenue in Rahway has been sold for $26,500,000. The property consists of 160 units, with a price per unit of $165,625.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $26,500,000
- Units: 160
- Price Per Unit: $165,625
The sale was facilitated by The Kislak Co. Inc, acting as the brokers in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,413,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$94,148.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$125,623.52
Annual Debt Service$1,507,482.24
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